CWB Canadian Western Bank

Personal line of credit

Borrow what you need, when you need it.

A personal line of credit allows you to:

  • Withdraw only what you need, when you need it.
  • Pay off the entire balance at any time.
  • Set your minimum monthly payments to “interest only” on the outstanding balance.
  • Conveniently access funds through your CWB chequing account — use your debit card, cheques or online banking, or visit your branch.
  • Complete one application to access funds on an ongoing basis.

A personal line of credit can be either secured or unsecured1.

  • Borrow amounts starting from $3,000.00
  • Calculated on the portion used at the daily closing balance and collected monthly
  • Flexible monthly repayment options:
    • Fixed monthly scheduled payments
    • Pay only the monthly accrued interest plus any account service charges, OR
    • 3% of the outstanding debt as of the monthly statement date
  • Convenient access to your funds when you need them
  • Make payments only on the portion you use
  • Flexibility to pay down the entire balance or a portion of the balance at any time without penalty
1A secured line of credit may be secured by bonds, CWB deposit instruments, mutual funds and stocks, your home or other real estate. An unsecured line of credit does not hold any type of security.

Get started now

Stop by your local branch or call today to get started. One of our personal banking specialists will be pleased to help you.

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